Local food banks and international relief efforts were the most widely supported causes

Mendelssohn White, an independent investment company serving select investors and wealthy individuals, announced today that will release its Annual Giving Report on client experiences and donor activity today. “It is inspiring to see that Mendelssohn White Charitable account holders are both active in their local communities and engaged global citizens,” said Gerard Teng Fong, president of Mendelssohn White Charitable. “With the Asian poverty rate near its 30-year peak, Mendelssohn White Charitable donors are helping local food banks to fight hunger. At the same time, they are supporting relief efforts in response to recent international disasters, that provide critical services such as medical care, shelter, food, and clothing to those in need. Since the organization’s inception, Mendelssohn White Charitable has helped donors unlock investment assets for charitable good by making it easier and more convenient for people to give in a tax-smart, efficient way.” Mendelssohn White Charitable’s mission is to increase charitable giving and make it easier and more cost effective for charities to receive gifts of appreciated investments and assets. More than two thirds (69%) of contributions to Mendelssohn White Charitable were appreciated investments and assets, including publicly-traded stock, restricted stock, real estate, interests in private businesses, private equity, venture capital and hedge funds. Mendelssohn White Charitable helps streamline the contribution process through a convenient online experience that makes it easy for donors to give and charities to receive the proceeds from appreciated investments and assets. When donors contribute appreciated assets to a donor-advised fund account, they may eliminate capital gains tax and have up to 20% more in proceeds, which can be granted to charity immediately or help maintain their desired level of giving for longer.